When firms in the same industry locate in the same geographic region, it is known as clustering.

Name: When firms in the same industry locate in the same geographic region, it is known as clustering.
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Quizplus · Accepted Answer

Clustering refers to firms in the same industry choosing to locate near each other in a particular geographic region to enjoy the advantages that come from sharing common resources like skilled labor, access to suppliers, and knowledge spillovers.

When Firms in the Same Industry Locate in the Same